Don’t expect any reduction in transport fares over removal of some fuel levies – GPRTU

The Ghana Private Road Transport Union (GPRTU) has down played any hope that transport fares will be reduced as a result of the removal of the Price Stabilization and Recovery levy on petroleum products.

As reported by on Monday, the National Petroleum Authority (NPA) confirmed that President Akufo-Addo has granted the approval of the removal of Price Stabilization and Recovery Levies (PRSL) on petrol, diesel, and LPG for two months.

Amid the conversation of a possible reduction in transport fares due to the latest decision, GPRTU says nothing of that sort will happen.

The Ghana Private Road Transport Union (GPRTU) says the two-month removal of the Price Stabilization, and Recovery levy on petroleum products is very insignificant.

It has thus advised the general public to be measured in their expectations for a reduction in transport fares.

“….we think, for now, the margin they are going to reduce per litre which has not been removed completely but just for two months to us, is not all that significant. So right now, the 16 pesewas reduction in the Price Stabilization and Recovery Levies will not create any more impact to us than we expected and that will not cause us to reduce any lorry fare”

“We completed negotiations with the sector Ministry around June and lorry fares were adjusted around 30 percent at that time. When the lorry fares were adjusted, in that contract that we all signed, the assurance was that, the government was going to make sure that all petroleum products were stabilized and that they were not going to be adjusted within the shortest possible time. But from June, I can say that there have been several adjustments,” General Secretary for GPRTU, Mr. Adogma shared.

The levies have been removed by NPA for two months to cushion consumers following the consistent increases of crude oil on the international market.

Government is being urged to do more on the reduction of levies to make petroleum products more affordable to drivers.

Meanwhile, the GPRTU says it is taking steps to meet with the government over the series of levies imposed on fuel products.

Fuel prices have in the past few months witnessed upward and downward adjustments, with the recent being an increase of 2.59%, a situation, industry players have criticized.

Mr. Adogma said any significant increase in petroleum prices would be passed on to commuters.

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